If you look at DEG charting in 2015, they were 1.7 cents .
Even in early 2019, then had gone back down to 5.5 cents.
Things are going like we’re told BUT - painfully slowly.
The problem is always cash burn.
DEG on their tier 1 goal alone are undervalued slightly.
I assume: dollar continues to fall, gold continues to rise (reasonable assumptions now, six months ago I would not have agreed); seven years to mine & produce, 15% IRR, ten year mine life, 300k oz sold per year, COGS = 1/2 of revenue.
Things are going well IMO but too slowly and I’d love it management raised cash by offloading Li and Cu/Ni targets.
If you look at DEG charting in 2015, they were 1.7 cents . Even...
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